Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/20/2009(UTC)
Posts: 6
Location: Australia
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Hi all,
I am attempting to do some research using the Point and Figure Toolbox provided by MetaStock. The Toolbox manual details that to use any of the P&F tools the "P&F Values" indicator needs to be setup properly. By default the "data" variable in this indicator is set to 0, which according to the manual means it uses the High/Low range, however I wish to use the Closing price instead. The manual explains every other variable except this one. Does anybody know if there is a value I can use for this "data" variable so the P&F tools work off the closing value instead?
Thanks,
Shaun
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 8/12/2005(UTC)
Posts: 73
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what version of MS do you use?
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/20/2009(UTC)
Posts: 6
Location: Australia
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 12/14/2009(UTC)
Posts: 140
Location: Austria
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ExtFml("PointFig.pointfig", DATA ARRAY, BOX SIZE,
REVERSAL AMOUNT, THRESHOLD VALUE, RETURN VALUE )
My optinion is that you have to use C for the data array if you wan't to use only the Close-price for the p&f function.
e.g. ExtFml("PointFig.pointfig", C , 10,3 ...
For the high-low range you would use 0 which is the default.
e.g. ExtFml("PointFig.pointfig", 0 , 10,3 ...
More about the different parameters is on the Point and Figure toolbox.pdf file on page 47 (/43).
best regards
ts
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